Why this setup? Despite a short-term RSI bounce on the 15m chart, the 1D trend remains firmly bearish. The 4H setup suggests a high-probability short entry near 0.2257, targeting initial support at 0.2213. The daily downtrend overrides minor intraday strength.
Debate: Is this RSI bounce a classic bull trap before the next leg down?
"History doesn’t repeat itself, but it often rhymes.” Analysts believe the global financial market may be heading toward a replay of the 1985 Plaza Accord.
In 1985, the US dollar became excessively strong, hurting American exports and manufacturing. To control the rising trade deficit, the world’s five major economies (G5) agreed at New York’s Plaza Hotel to deliberately weaken the dollar—a move known as the Plaza Accord. Over the next three years, the Dollar Index dropped nearly 50%, while the Japanese yen almost doubled. As the dollar weakened, gold, commodities, and non-US assets surged, marking one of the biggest currency resets in modern history.
Today, similar conditions are emerging. The US trade deficit is again near record highs, and the Japanese yen is historically weak. Recently, the New York Fed conducted a “rate check” on USD/JPY, often a precursor to FX intervention, signaling possible coordination between the Fed and the Bank of Japan.
While no official action has been taken yet, institutional investors are already positioning themselves. If a “Plaza Accord 2.0” materializes and the dollar falls sharply, global assets priced against the dollar—stocks, gold, and digital assets—could see major valuation adjustments.
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Gold $XAU is on an unstoppable run. A new all-time high of $5,150, 19% gains in 2026, and $5.7 trillion added in just 27 days — eclipsing Bitcoin’s market cap more than threefold.
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This is the daily chart of $XPL and here’s my personal view on the next move backed by logic, not noise.....
Everyone is screaming “long” or “short,” but very few are actually reading the chart. So here’s the breakdown based purely on market structure, levels, and momentum.
Look closely at the chart: XPLUSDT has created multiple reactions around the 0.1368–0.1380 zone. Each time price tapped this zone, sellers and buyers battled aggressively.
This confirms one thing: The market is indecisive but still respecting short-term resistance.
Right now, XPLUSDT is hovering near 0.1366, but the real decision point remains the 0.1279–0.1230 demand block.
This level has held multiple times, but pressure toward it is increasing. If XPLUSDT breaks below 0.1230 with strong volume, the next liquidity pocket opens directly toward 0.1178–0.1139.
There is no strong support in between. On the other hand, the trend only shifts bullish if XPLUSDT reclaims 0.1380–0.1385 with strong momentum.
At this moment, there is no signal of strength, no momentum shift, and no bullish confirmation. The lower-high structure is still intact.
So what’s the plan? After reviewing the structure again, the message is clear: XPLUSDT is still forming lower highs → trend remains cautious/bearish. The rejection from 0.1380 confirms that sellers are still in control.
People asking for entries right now are ignoring the reality: We are stuck between strong resistance and strong demand—the worst place to take a position. This is not a clean long setup. This is not a safe short setup. The risk-to-reward is simply not worth it.
Either XPLUSDT reclaims 0.1380+ for a valid long… Or breaks 0.1230 for a clean downside continuation. Until one of those happens, this is a no-trade zone.